Self-care Medical Devices Market, by Product Type (Blood Glucose Monitors, Blood Pressure Monitors, Temperature Monitors, Holter Monitors, Pregnancy/Fertility Test Kits, Sleep Apnea Monitors, Nebulizers, and Pedometers), by End User (Home Care Settings and Rehabilitation Center), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Jul 2023

Code : CMI3957

Pages :167

Formats :

Excel and PDF

Industry : Medical Devices

Market News

Global Self-care Medical Devices Market: Key Developments

Increasing acquisition strategies by key market players are expected to propel the growth of the global self-care medical devices market. For instance, on May 17, 2023, i-SENS, Inc., an in vitro diagnostics company, announced the acquisition of AgaMatrix, a U.S.-based blood glucose measuring device manufacturer. Under the acquisition, i-SENS expanded its distribution network for its continuous glucose monitors, which are receiving domestic and foreign product approvals.
Increasing product expansion by key market players are expected to drive the market growth over the forecast period. For instance, in September 2022, Evernorth Health, Inc., a subsidiary of Cigna, a medical device company, announced the expansion of its diabetes program, and other technological resources to its traditional pharmaceutical approaches to help patients in diabetes management. The diabetes care value program includes coverage for continuous glucose monitors under the pharmacy benefit
Global Self-care Medical Devices Market: Key Trends

Increasing adoption of organic strategies

Increasing adoption of organic strategies, such as the collaborations, by key market players to expand its product portfolios is expected to drive the global self-care medical devices market growth over the forecast period. For instance, in November 2022, Intuity Medical, Inc., a medical technology company, and Embecta Corp., a medical device company, entered into a co-promotional agreement under which Embecta Corp. will be able to promote Intuity Medical Inc.’s innovative POGO Automatic Blood Glucose Monitoring System to healthcare professionals to expand its product portfolio.